ACE USA Appoints Steven J. Reiss as Senior Vice President and Regional Executive, Mid-Atlantic Region.PHILADELPHIA -- ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced that Steven J. Reiss has been named Senior Vice President and Regional Executive, Mid-Atlantic Region. Based in Philadelphia, Mr. Reiss will be responsible for setting and driving the overall strategic direction for ACE USA's Mid-Atlantic Region, which comprises Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , southern New Jersey, Delaware, Maryland, Virginia, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , Ohio and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . He will oversee the regional production plan, distribution, product sales and marketing, producer management, staff management and general operations. "ACE USA's regional executives drive our efforts to strengthen ACE's local presence, build strong relationships with our customers, offer responsive service, and grow our business," said Joe Clabby, Executive Vice President, ACE USA Regional Operations. "Steve's broad expertise in the insurance and risk management field, combined with his experience working with both domestic and international insurance programs, complements ACE's diverse product mix and global reach. His background and leadership will significantly contribute to our continued growth and success in the Mid-Atlantic Region." Mr. Reiss joins ACE USA after a 15-year tenure at Marsh USA, Inc. Most recently, he was Managing Director and Client Executive Team Leader at Marsh's Morristown, N.J. office. Mr. Reiss also spent 13 years in Marsh's Japan Client Services practice in various management roles including Managing Director-Business Development and Client Executive Practice Leader. An expert in designing and implementing risk management solutions, Mr. Reiss' experience includes the production, placement and servicing of property and casualty insurance programs for clients in a variety of industries. He began his career as a casualty underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. . Mr. Reiss graduated from Fordham University Fordham University (fôr`dəm), in New York City; Jesuit; coeducational; founded as St. John's College 1841, chartered as a university 1846; renamed 1907. Fordham College for men and Thomas More College for women merged in 1974. with a bachelor of arts degree in political science/economics. ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE), and is rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of clients around the world. |
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